Subnational government's budget deficit targets in a Monetary Union: the spanish case 1995-2010

• Autores: Joan Rosselló Villalonga , Andreu Sansó i Rosselló
• Localización: Ekonomiaz: Revista vasca de economía, ISSN 0213-3865, Nº. 89, 2016, págs. 280-313
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 1 Cita
• Resumen
  • español

    En el presente artículo analizamos los factores que explican los saldos fiscales de las CC.AA. Los resultados empíricos sugieren que los objetivos de déficits a largo plazo no deberían distribuirse linealmente entre las regiones y que no debería esperarse que estos objetivos se cumpliesen en el mismo horizonte temporal. Asimismo, los resultados sugieren que los Acuerdos de financiación deberían ser rediseñados para evitar que el Estado pudiese transferir déficit a las CCAA. Finalmente, los resultados sugieren que debería haber una mayor coordinación presupuestaria para evitar que las CC.AA sorteasen las restricciones de gasto y deuda a través de su sector público instrumental

  • English

    We set out an analysis of the factors that explain subnational budget balances. Ours results suggest that long run deficit targets should not be distributed linearly across Autonomus Communities, and cannot be expected to be fulfilled in the same time-horizon. More important, financing agreements should be redesigned in order to avoid the central government having the opportunity to transfer its deficit to Autonomous Communities. Finally, more budgetary coordination is needed in order to prevent that Autonomous Communities circumvent central governments fiscal rules using their public entities.

  • euskara

    Artikulu honetan, autonomia-erkidegoetako zerga-saldoak esplikatzen dituzten faktoreak aztertuko ditugu. Emaitza enpirikoek iradokitzen dutenez, epe luzeko defizit-helburuak ez lirateke linealki banatu beharko eskualdeen artean, eta ez litzateke espero beharko helburu horiek denbora-muga berean betetzea. Emaitzek pentsarazten dute, halaber, finantziaziohitzarmenak birdiseinatu beharko liratekeela, Estatuak autonomia-erkidegoetara defizitik ez transferitzeko. Emaitzetatik ondorioztatu daiteke, azkenik, aurrekontu-koordinazio handiagoa egon beharko litzatekeela, autonomia-erkidegoek gastuen eta zorren murrizketak ez saihesteko beren sektore publiko instrumentalaren bitartez

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